US Military Shoots Down 3 Mexican Cartel Drones With Laser

First Chinese Tanker Attacked Near Hormuz As Beijing Urges Waterway Reopened There have certainly been escalating tensions in the Strait of Hormuz this week amid a wave of Iranian attacks on commercial ships after a U.S. military effort to escort merchant vessels through the maritime chokepoint. By midweek, tensions had simmered, and Iran is still reviewing a 14-point U.S. proposal to end the war, with Tehran expected to send its response to Pakistani mediators later today. President Trump said talks with Iran have been "very good" and suggested a deal remains possible....

Comcast Plunges As CFO Warns Broadband Subscriber Bleeding Won't Stop Comcast shares tumbled after CFO Jason Armstrong warned at the Goldman Sachs Communacopia + Technology Conference that broadband subscriber losses would not improve this quarter from a year earlier. Bloomberg first reported Armstrong's comments, which sent shares down as much as 8.1% around 11:16 a.m. ET, their largest decline in months. Armstrong told the audience at the conference in San Francisco, California, today that he still expects broadband subscriber losses to improve for the full year, although quarterly results will vary. He...

Shake Shack Shares Crash Most On Record; McDonald's CEO Warns Of Faltering Consumer Shake Shack shares crashed the most on record after the burger chain reported weaker-than-expected first-quarter revenue and adjusted EBITDA, with management blaming the miss on "significant weather impacts." But the weather excuse may be masking a much larger problem: a weakening consumer increasingly pushing back against premium fast-casual pricing, with the average Shake Shack meal costing around $23. SHAK reported first-quarter results that missed Bloomberg Consensus estimates, with revenue and adjusted EBITDA coming in light as the burger chain...